NSEI:BODALCHEM

Stock Analysis Report

Executive Summary

Bodal Chemicals Limited manufactures and sells dyestuffs, dyes intermediates, and other chemicals in India.

Snowflake

Fundamentals

Excellent balance sheet and good value.

Risks

  • Bodal Chemicals has significant price volatility in the past 3 months.
  • Bodal Chemicals is covered by less than 3 analysts.

Share Price & News

How has Bodal Chemicals's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-5.7%

NSEI:BODALCHEM

0.02%

IN Chemicals

-0.7%

IN Market


1 Year Return

-39.5%

NSEI:BODALCHEM

-4.3%

IN Chemicals

-12.8%

IN Market

BODALCHEM underperformed the Chemicals industry which returned -4.3% over the past year.

BODALCHEM underperformed the Market in India which returned -12.8% over the past year.


Share holder returns

BODALCHEMIndustryMarket
7 Day-5.7%0.02%-0.7%
30 Day-10.6%1.6%-3.2%
90 Day-34.8%-2.3%-6.7%
1 Year-39.1%-39.5%-3.3%-4.3%-11.0%-12.8%
3 Year-33.1%-33.7%33.1%29.1%19.2%13.0%
5 Year26.9%23.8%125.6%113.3%38.0%24.9%

Price Volatility Vs. Market

How volatile is Bodal Chemicals's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bodal Chemicals undervalued based on future cash flows and its price relative to the stock market?

7.05x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Bodal Chemicals's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Bodal Chemicals's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Bodal Chemicals is good value based on earnings compared to the IN Chemicals industry average.

Bodal Chemicals is good value based on earnings compared to the India market.


Price Based on Expected Growth

Bodal Chemicals is good value based on expected growth next year.


Price Based on Value of Assets

Bodal Chemicals is good value based on assets compared to the IN Chemicals industry average.


Next Steps

Future Growth

How is Bodal Chemicals expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

10.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Bodal Chemicals's revenue is expected to grow by 5.4% yearly, however this is not considered high growth (20% yearly).

Bodal Chemicals's earnings are expected to grow by 10.8% yearly, however this is not considered high growth (20% yearly).

Bodal Chemicals's revenue growth is positive but not above the India market average.

Bodal Chemicals's earnings growth is positive but not above the India market average.

Bodal Chemicals's earnings growth is expected to exceed the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Bodal Chemicals will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Bodal Chemicals performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Bodal Chemicals's year on year earnings growth rate has been positive over the past 5 years.

Bodal Chemicals's 1-year earnings growth is less than its 5-year average (0.1% vs 11.1%)

Bodal Chemicals's earnings growth has not exceeded the IN Chemicals industry average in the past year (0.1% vs 8.9%).


Return on Equity

Bodal Chemicals has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Bodal Chemicals used its assets more efficiently than the IN Chemicals industry average last year based on Return on Assets.


Return on Capital Employed

Bodal Chemicals's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Bodal Chemicals's financial position?


Financial Position Analysis

Bodal Chemicals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Bodal Chemicals's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Bodal Chemicals's level of debt (20.4%) compared to net worth is satisfactory (less than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (292.6% vs 20.4% today).

Debt is not well covered by operating cash flow (4.2%, less than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 18.9x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 3.6x debt.


Next Steps

Dividend

What is Bodal Chemicals's current dividend yield, its reliability and sustainability?

1.61%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Bodal Chemicals's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.63%).

Bodal Chemicals's dividend is below the markets top 25% of dividend payers in India (2.51%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are thoroughly covered by earnings (13.2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Bodal Chemicals's salary, the management and board of directors tenure and is there insider trading?

8.6yrs

Average management tenure


CEO

Sureshbhai Patel (63yo)

0.0yrs

Tenure

₹11,088,732

Compensation

Mr. Sureshbhai Jayantibhai Patel is Founder of Bodal Chemicals Pvt. Ltd. Mr. Patel has been Chairman and Managing Director of Bodal Chemicals Ltd. (formerly Dintex Dyechem Ltd.) since May 13, 2006 and serv ...


CEO Compensation Analysis

Sureshbhai's remuneration is higher than average for companies of similar size in India.

Sureshbhai's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

8.6yrs

Average Tenure

55yo

Average Age

The average tenure for the Bodal Chemicals management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

12.0yrs

Average Tenure

58yo

Average Age

The average tenure for the Bodal Chemicals board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

Buy₹29,184,11001 Apr 19
Bhavin Patel
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares230,641
Max Price₹126.62
Buy₹1,474,94914 Feb 19
Ramesh Patel
EntityIndividual
Shares15,000
Max Price₹98.33
Buy₹114,73023 Jan 19
Ramesh Patel
EntityIndividual
Shares1,043
Max Price₹110.00
Buy₹50,287,77208 Oct 18
Sureshbhai Patel
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares370,000
Max Price₹136.02
Buy₹30,254,03008 Oct 18
Ankit Patel
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares228,876
Max Price₹132.48
Buy₹1,639,19808 Oct 18
Rakeshbhai Patel
EntityIndividual
Role
Senior Key Executive
President of Production & Technical
Shares12,762
Max Price₹128.78
Buy₹95,471,22106 Oct 18
Sureshbhai Patel
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares756,255
Max Price₹126.45
Buy₹23,366,14606 Oct 18
Ankit Patel
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares180,848
Max Price₹129.20
Buy₹42,052,82605 Oct 18
Sureshbhai Patel
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares360,024
Max Price₹117.23
Buy₹616,83405 Oct 18
Ramesh Patel
EntityIndividual
Shares5,803
Max Price₹106.43

Ownership Breakdown


Management Team

  • Sureshbhai Patel (63yo)

    Chairman

    • Tenure: 0.0yrs
    • Compensation: ₹11.09m
  • Bhavin Patel (38yo)

    Executive Director

    • Tenure: 14.2yrs
    • Compensation: ₹7.51m
  • Ankit Patel (37yo)

    Executive Director

    • Tenure: 11.3yrs
    • Compensation: ₹7.58m
  • Bansibhai Patel (59yo)

    President of Production & Technical

    • Tenure: 0.0yrs
  • Ashutosh Bhatt (31yo)

    Company Secretary & Compliance Officer

    • Tenure: 7.1yrs
    • Compensation: ₹705.68k
  • Mayur Padhya (48yo)

    Chief Financial Officer

    • Tenure: 6.3yrs
    • Compensation: ₹4.14m
  • Prasad Pujari (56yo)

    Head of Sulphuric Products Division

    • Tenure: 10.9yrs
  • V. Sasidharan (69yo)

    Vice President of Technical

    • Tenure: 10.1yrs
    • Compensation: ₹4.56m
  • Rakeshbhai Patel (55yo)

    President of Production & Technical

    • Tenure: 0.0yrs
    • Compensation: ₹1.95m

Board Members

  • Sureshbhai Patel (63yo)

    Chairman

    • Tenure: 0.0yrs
    • Compensation: ₹11.09m
  • Bhavin Patel (38yo)

    Executive Director

    • Tenure: 14.2yrs
    • Compensation: ₹7.51m
  • Bipin Patel (74yo)

    Independent Non-Executive Director

    • Tenure: 12.0yrs
    • Compensation: ₹150.00k
  • Sunil Mehta (59yo)

    Independent Director

    • Tenure: 12.0yrs
    • Compensation: ₹25.00k
  • Ankit Patel (37yo)

    Executive Director

    • Tenure: 11.3yrs
    • Compensation: ₹7.58m
  • Neha Huddar (58yo)

    Independent Director

    • Tenure: 2.3yrs
    • Compensation: ₹75.00k
  • Nalin Kumar (51yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: ₹125.00k
  • Ram Srivastava

    Additional Independent Director

    • Tenure: 0.0yrs

Company Information

Bodal Chemicals Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bodal Chemicals Limited
  • Ticker: BODALCHEM
  • Exchange: NSEI
  • Founded: 1986
  • Industry: Commodity Chemicals
  • Sector: Materials
  • Market Cap: ₹9.150b
  • Shares outstanding: 122.33m
  • Website: https://www.bodal.com

Location

  • Bodal Chemicals Limited
  • Plot No. 123-124
  • Phase - I
  • Ahmedabad
  • Gujarat
  • 382445
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
524370BSE (Mumbai Stock Exchange)YesEquity SharesININRApr 2005
BODALCHEMNSEI (National Stock Exchange of India)YesEquity SharesININRApr 2005

Biography

Bodal Chemicals Limited manufactures and sells dyestuffs, dyes intermediates, and other chemicals in India. The company’s dye intermediates primarily include vinyl sulphone ester, ortho anisidine vinyl sul ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 12:48
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.